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John Hancock’s IUL policyholders can also earn significant savings and rewards for living healthy through the John Hancock Vitality Program, available with the IUL product series. John Hancock’s broad IUL portfolio is designed to meet a wide array of financial planning needs. “As one of the fastest growing and highly competitive segments in the market, IUL…

U.S. Individual life insurance new annualized premium increased 4 percent for the first half of 2017, compared with the first six months of 2016. In the second quarter, new annualized premium increased 3 percent, according to the LIMRA U.S. Retail Individual Life Insurance Sales Survey.

American International Group, Inc. announced today that it is planning to make changes to its organizational structure. The company will no longer have Commercial and Consumer segments, and will transition to: General Insurance, led by Peter Zaffino, as CEO; Life& Retirement, led by Kevin Hogan, CEO; and a stand-alone, technology-enabled platform, led by Seraina…

Racer Danica Patrick first obtained life insurance in her early 20s. Your “financial fitness” is an important part of your overall health, she said, and life insurance is key. Patrick is back as the celebrity spokesperson for Life Insurance Awareness Month.

Kuvare US Holdings plans to acquire United Life Insurance Co., the UFG subsidiary, in a deal valued at $280 million. Based in downtown Cedar Rapids, UFG sells property-and-casualty insurance, life insurance and annuities. United Life has 46 employees, most of whom work in Cedar Rapids, UFG spokeswoman Colleen Scholer said.

More Americans than ever obtain life insurance coverage through a group contract, but fewer employers than ever are offering the benefit. That opens up opportunity for agents and brokers to fill the void.

The arrest was announced by Brian C.T. Jones, district attorney for the 39th Judicial Circuit, Limestone County; James Ridling, commissioner of the Alabama Department of Insurance; and Joseph Borg, director of the Alabama Securities Commission. State investigator Jimmy Collier said that, with Powell’s office in Red Bay, investigators are asking anyone who…

NY Life is the latest insurer to offer a product linking long-term care benefits to a life insurance policy. Agents and consumers can expect even more variety in the benefit options in the future, analysts say.

The National Association of Insurance and Financial Advisors is trying to consolidate functions and set a single dues fee for members, moves that are commiserate with its slimmer membership rolls. Will delegates approve the controversial changes?

Aug. 31– A Limestone County grand jury has formally charged a Muscle Shoals man with insurance fraud and exploitation of an elderly person for selling insurance under false pretenses, records show. Powell had served as chief operating officer of Tom Jones Insurance and Financial Services Group in Muscle Shoals. Mark Fowler, chief of staff for the Alabama…

The Texas Rangers have announced the sale of the naming rights for their new stadium that’s under construction to Globe Life Insurance, which owns the naming rights to the team’s current stadium. A decade later, Ameriquest, one of the United States’ largest subprime mortgage lenders, bought the park’s naming rights and installed an oversize electronic bell in…

Term life insurance accounts for the largest share of voluntary inforce premium by product, according to Eastbridge Consulting Group’ s annual U.S. State ESI and EPI Data report. Life insurance has a significantly higher share of inforce premium than of sales, though it claims the largest share for both.“ Life insurance enjoys the benefit of higher persistency…

Travis Wayne Wingrove, 29, of Dunbar, allegedly took $26,247 from clients between April 2013 and April 2015 while he worked at Rosemary Skaggs’ State Farm Insurance Agency in East Huntingdon, according to a news release. Jeffrey Lee Ingram, 53, of McCandless,, Allegheny County, allegedly submitted 252 fake Medicare claims and pocketed $88,636 between March and…

Aug. 22– COLUMBIA, S.C.– Twenty-five more Irish Travelers from the North Augusta area have entered into guilty plea agreements on various federal charges of conspiracy and financial fraud, according to court records. The alleged illegal financial schemes described in court records at the U.S. District Court in Columbia involve millions of dollars worth of car…

Aging insurance agents and the rapid growth of the online portions of the direct-to-consumer insurance distribution channel has many insurers rethinking lead generation and acquisition infrastructures, a new report found.

The company has made a commitment to invest more than $100 M of venture capital in customer-centric solutions that help members:. In addition to these efforts, Nationwide launched Nationwide Ventures in early 2016 to invest in startup companies that are transforming the insurance and financial services industry. Nationwide Ventures has made six…

Judge rules that independent agents working for American Family Insurance Group are company employees under the Employee Retirement Income Security Act (ERISA). Ruling could open the door for similar lawsuits.

Jackson National is latest life insurance company to report strong second-quarter earnings. The company sold $17 billion worth of variable annuities last year even as the variable annuity market continued to shrink.

The insurance company has agreed to pay $5.5 million and take other steps to protect customers’ identity as part of a settlement with New Jersey and 31 other states, officials said Wednesday. The move resolves allegations that the company left out a critical security patch that could have prevented a security breach in October 2012 that resulted in the loss of…

_ Manulife Financial Corp. on Wednesday reported second-quarter profit of $933.2 million. The Toronto- based company said it had profit of 45 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

LIMRA issued the following news release:. “Our role as a trade association is to provide a forum for industry discussion and collaboration on emerging trends,” said Robert Kerzner, president and CEO, LIMRA, LOMA, LL Global. We are encouraged that many of our members have joined LIMRA’s Blockchain Advisory Council to help us find scalable solutions using this…

MetLife, Inc. today announced it has completed the spin-off of Brighthouse Financial, Inc., creating two independent, publicly-traded companies. Under the terms of the separation, on the Aug. 4, 2017 distribution date, MetLife, Inc. common shareholders received a distribution of one share of Brighthouse Financial, Inc. common stock for every 11 shares of…

The MassMutual fellow will explore research at the intersection of human health and well-being, data science, and complex systems. Through a named research fund, MassMutual will support exploratory questions related to wellness, human behavior and networks with a team of interdisciplinary faculty in UVM’s Vermont Complex Systems Center.

August 7, 2017 Allianz SE reported a huge second quarter after the company devised a new annuity strategy.

Allianz SE posted a strong second quarter due to spiking sales of capital-efficient products such as variable annuities without income guarantees, hybrid variable annuities and fixed indexed annuities, company executives said.

_ Prudential Financial Inc. on Wednesday reported second-quarter profit of $491 million. On a per-share basis, the Newark, New Jersey- based company said it had profit of $1.12. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.70 per share.

_ Fidelity& Guaranty Life on Wednesday reported fiscal third-quarter earnings of $32 million. On a per-share basis, the Des Moines, Iowa- based company said it had net income of 54 cents. Keywords: Fidelity& Guaranty Life, Earnings Report.

_ American Equity Investment Life Holding Co. on Wednesday reported second-quarter profit of $26.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. Three analysts surveyed by Zacks expected $484.8 million.

_ MetLife Inc. on Wednesday reported second-quarter profit of $884 million. On a per-share basis, the New York- based company said it had net income of 77 cents. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

_ Lincoln National Corp. on Wednesday reported second-quarter net income of $411 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share. Lincoln National shares have climbed 11 percent since the beginning of the year, while the Standard& Poor’s 500 index has climbed 11 percent.

RICHMOND- Genworth Financial Inc. said Tuesday that it has extended the deadline for its planned acquisition by a China- based company by three months to Nov. 30, as the proposed deal remains under regulatory review by the U.S. government. Henrico County- based Genworth, an insurance company with thousands of employees in Virginia, announced in October that it had…

–The Allstate Corporation today reported financial results for the second quarter of 2017.. “Allstate delivered strong financial performance in the second quarter as a result of excellent progress on our five 2017 Operating Priorities,” said Tom Wilson, chairman and chief executive officer of The Allstate Corporation. “Net income applicable to common…

_ Genworth Financial Inc. on Tuesday reported second-quarter profit of $202 million. On a per-share basis, the Richmond, Virginia- based company said it had net income of 40 cents. Keywords: Genworth Financial, Earnings Report.

_ American National Insurance Co. on Monday reported second-quarter earnings of $36 million. American National Insurance shares have fallen 4.5 percent since the beginning of the year. Keywords: American National Insurance, Earnings Report.

_ Principal Financial Group Inc. on Thursday reported second-quarter net income of $309.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share. Principal Financial shares have increased 15 percent since the beginning of the year, while the Standard& Poor’s 500 index has increased 11…

In fact, the healthier their lifestyle, the greater their rewards, including $600 in annual savings on healthy food purchases 1 as well as the opportunity to earn an Apple Watch ® Series 2 2 by exercising regularly. John Hancock is also giving every new policyholder a complimentary Fitbit ® device to help them get started. “At John Hancock, we’re focused on…

The proposed acquisition of Henrico County- based Genworth Financial Inc. by a China- based company is facing a regulatory delay that is likely to push the deal past its planned completion date. Genworth, an insurance company with thousands of employees in Virginia, announced in October that it had agreed to be acquired for about $2.7 billion by China Oceanwide,…